Renaissance Technologies LLC acquired a new position in shares of HubSpot, Inc. (NYSE:HUBS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 94,900 shares of the software maker’s stock, valued at approximately $5,746,000. Renaissance Technologies LLC owned 0.26% of HubSpot at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. purchased a new stake in HubSpot during the first quarter valued at $151,000. Juncture Wealth Strategies LLC bought a new position in HubSpot during the first quarter worth $241,000. Solaris Asset Management LLC boosted its position in HubSpot by 5.9% in the first quarter. Solaris Asset Management LLC now owns 4,035 shares of the software maker’s stock worth $244,000 after buying an additional 226 shares during the last quarter. Teza Capital Management LLC bought a new position in HubSpot during the first quarter worth $250,000. Finally, Principal Financial Group Inc. bought a new position in HubSpot during the first quarter worth $252,000. 92.23% of the stock is owned by institutional investors and hedge funds.
Shares of HubSpot, Inc. (NYSE:HUBS) traded up 2.20% during trading on Friday, reaching $67.35. 262,752 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $69.86 and its 200 day moving average price is $64.85. HubSpot, Inc. has a 52 week low of $44.90 and a 52 week high of $78.50. The firm’s market capitalization is $2.49 billion.
HubSpot (NYSE:HUBS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. HubSpot had a negative return on equity of 27.99% and a negative net margin of 13.17%. The company had revenue of $89.10 million for the quarter, compared to analysts’ expectations of $85.80 million. During the same quarter in the prior year, the business posted ($0.07) EPS. The business’s revenue was up 37.1% compared to the same quarter last year. Analysts predict that HubSpot, Inc. will post $0.05 EPS for the current fiscal year.
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A number of equities research analysts have issued reports on HUBS shares. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, May 1st. Oppenheimer Holdings, Inc. set a $78.00 price target on shares of HubSpot and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Stephens reiterated an “overweight” rating and set a $76.00 price target (up from $70.00) on shares of HubSpot in a research note on Thursday, May 4th. Summit Redstone reissued a “hold” rating on shares of HubSpot in a research report on Thursday, August 3rd. Finally, Morgan Stanley raised their price objective on shares of HubSpot from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $72.19.
In related news, insider Hunter Madeley sold 1,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $73.95, for a total value of $73,950.00. Following the sale, the insider now owns 89,874 shares in the company, valued at approximately $6,646,182.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lorrie M. Norrington sold 4,899 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $65.25, for a total value of $319,659.75. Following the completion of the sale, the director now owns 2,164 shares in the company, valued at approximately $141,201. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,899 shares of company stock worth $3,934,380. Company insiders own 18.50% of the company’s stock.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.
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